Tripadvisor stock surges 17% as Starboard Value builds sizable stake in online travel company
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Tripadvisor shares jumped 10% after Starboard Value revealed a more than 9% stake in the online travel company, according to a securities filing.
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investment
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July 3, 2025
02:26 PM
CNBC
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Tripadvisor's stock jumped after Starboard Value disclosed a more than 9% stake in the online travel company in a securities filing
The stake was valued at $160 million as of Wednesday's close
Tripadvisor s are flat since the start of the year after plummeting more than 30% in 2024
In this articleTRIP your favorite stocksCREATE FREE ACCOUNTThe Tripadvisor logo is displayed on a tablet
Mateusz Slodkowski | Sopa Images | Lightrocket | Getty ImagesTripadvisor stock jumped 17% Thursday after Starboard Value revealed a more than 9% stake in the online travel company, according to a securities filing
The position was valued at $160 million as of Wednesday's close
Tripadvisor s have been flat since the start of the year after plummeting more than 30% in 2024
Last year, the travel review and booking company said it created a special committee to explore potential options
Read more CNBC newsAI virtual personality YouTubers, or 'VTubers,' are earning millionsJeff Bezos sells $737 million worth of Amazon sTesla s drop on Musk, Trump feud ahead of Q2 deriesChipmakers get larger tax credits in Trump's 'big beautiful bill'Starboard Value has gained a reputation for pushing for changes such as new CEOs and cost cuts by acquiring significant s in companies
Most recently, the firm settled a xy fight with Autodesk, where it gained two board seats
It has previously pushed for changes at Tinder parent Match Group, pharmaceutical giant Pfizer and Salesforce
The Wall Street Journal was the first to report the news late Wednesday
Both Starboard Value and Tripadvisor did not immediately respond to CNBC's request for.
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